![ITAT Upholds Overseas R&D Expenses as Capital Expenditure, Citing Consistency with Prior Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Upholds-RD-Expenses-Capital-Expenditure-Citing-Consistency-with-Prior-Years-Citing-Consistency-taxscan.jpg "ITAT Upholds Overseas R&D Expenses as Capital Expenditure, Citing Consistency with Prior Years [Read Order]")
ITAT Upholds Overseas R&D Expenses as Capital Expenditure, Citing Consistency with Prior Years [Read Order]
The Pune Bench of Income Tax Appellate Tribunal(ITAT) upheld the deduction of overseas Research and Development (R&D) expenses as capital...
![Loose Papers, Scribbled Notes, and Unregistered Agreements cannot be sole basis for Taxing Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/itat-siteimg.jpg "Loose Papers, Scribbled Notes, and Unregistered Agreements cannot be sole basis for Taxing Income: ITAT [Read Order]")
![ITAT affirms 8% Profit Rate Estimation for Government Contractor [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Government-Contracts-Tax.jpg "ITAT affirms 8% Profit Rate Estimation for Government Contractor [Read Order]")
![S. 69B & S.69C additions on Survey- Declared Income not-sustainable: ITAT upholds Business Income Treatment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/additions-on-Survey-additions-on-Survey-Declared-Survey-Income-Not-sustainable-ITAT-ITAT-upholds-Business-Income-Treatment-taxscan.jpg "S. 69B & S.69C additions on Survey- Declared Income not-sustainable: ITAT upholds Business Income Treatment [Read Order]")
![Relief to IRCS: ITAT Sets Aside CIT(E)s Rejection of Renewal Application u/s 80G(5)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Ahmedabad-IRCS-Relief-to-IRCS-TAXSCAN.jpg "Relief to IRCS: ITAT Sets Aside CIT(E)s Rejection of Renewal Application u/s 80G(5)(iii) [Read Order]")
![ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Premium-Tax-Assessee-Fails-taxscan.jpg "ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]")
Relief to Thomas Press: ITAT deletes Disallowance of Rs.1.23 Cr in Bad Debts due to Double Taxation [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT)granted relief to Thomas Press India Pvt.Ltd by deleting the disallowance of Rs. 1.23 crore in bad debts, noting that the adjustment against the...
![Relief to Thomas Press: ITAT deletes Disallowance of Rs.1.23 Cr in Bad Debts due to Double Taxation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/BadDebts-Double-Taxation.jpg "Relief to Thomas Press: ITAT deletes Disallowance of Rs.1.23 Cr in Bad Debts due to Double Taxation [Read Order]")
Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) provided relief to Thomson Press India Ltd. by reducing the disallowance under Section 14A of Income Tax Act,1961 from Rs. 7.67 lakh to Rs....
![Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Delhi-Relief-to-Thomson-Press-Thomson-Press-income-tax-case-TAXSCAN.jpg "Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh [Read Order]")
Genuineness and Creditworthiness of Loans: ITAT Directs AO to Reassess Documents and Decide Matter Accordingly [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to reassess documents and decide the matter accordingly concerning the genuineness and creditworthiness of...
![Genuineness and Creditworthiness of Loans: ITAT Directs AO to Reassess Documents and Decide Matter Accordingly [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Genuineness-and-Creditworthiness-of-Loans-Creditworthiness-of-Loans-Loans-ITAT-ITAT-Directs-Reassess-Documents-Decide-Matter-Accordingly-taxscan.jpg "Genuineness and Creditworthiness of Loans: ITAT Directs AO to Reassess Documents and Decide Matter Accordingly [Read Order]")
Thomson Press's Disallowance of Export Income Deductions u/s 10B: ITAT directs AO to Reverify and Recompute Deductions [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) directed the Assessing Officer (AO) to reverify and recompute the disallowance of export income deductions under section 10B and 10AA of Income...
![Thomson Presss Disallowance of Export Income Deductions u/s 10B: ITAT directs AO to Reverify and Recompute Deductions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Thomson-Press-Disallowance-of-Export-Income-Deductions-Export-Income-Deductions-ITAT-ITAT-Directs-Reverify-and-Recompute-Deductions-taxscan.jpg "Thomson Presss Disallowance of Export Income Deductions u/s 10B: ITAT directs AO to Reverify and Recompute Deductions [Read Order]")
No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) uled that no penalty can be imposed under Section 271(1)(c) of Income Tax Act,1961 when income addition is based on estimation. Maruti...
![No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/No-Penalty-Income-Tax-Addition-Income-taxscan.jpg "No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT [Read Order]")
ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]
The Nagpur Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals) [CIT(A)]’s decision to delete the ₹2.17 crore addition made under Section 69C of Income Tax...
![ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Expenditure.jpg "ITAT Upholds CIT(A) Deletion of ₹2.17 Crore Addition u/s 69C Due to Lack of Evidence on Unexplained Expenditure [Read Order]")